1. Corporate and Investment Banking
  2. Finance my Business
  3. Overdraft Facility

Overdraft Facility

What is an Overdraft Facility?

An overdraft facility allows Corporates to draw funds from their current account up to the overdraft limit approved. It is a short-term, usually up to 12 months standby credit facility which is usually renewable on an annual basis. 

Benefits:

  • You will have access to affordable low cost financing 
  • You only pay for what you consume
  • You do not need to be salaried to access this facility

How To Get It

The following are the necessary requirements to apply:

  • An existing Zanaco Current account where you will be accessing your overdraft facility from
  • Adequate security/collateral to cover the amount sought

Features:

  • Maximum allowed period of 12 months
  • Secured facility

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